Saturday, September 29, 2012

China communist party congress to open Nov.8

China's Communist Party to convene its National Congress on November 8th. Vice President Xi Jinping is expected to assume the top leadership.On Friday the party's Political Bureau decided the date of the meeting, held once every 5 years.

During the meeting, Vice President Xi Jinping will likely replace President Hu Jintao. Many other top leaders are also expected to be replaced.Experts are interested in what policies the new leadership will lay out for the 5 years until the next national congress. Economic policy is a source of interest as China needs to ensure social stability amid a slowing economy.

This year the announcement of the schedule was delayed for about a month. Analysts attribute the delay to the time-consuming process of selecting new leadership members.Too point to the punitive measures against former Chongqing City party head Bo Xilai. He was stripped of his party membership on Friday. Communist Party has still to disclosed how long the congress to last.

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